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About

The time has come to give back to the people around you. The time has come
to merge business acumen with a tinge of entrepreneurship skills, to pave
way for a better world. Rather than leaving society's needs to the government
or business sectors, devise a way to alleviate social evils, poverty,
agricultural deficits, unemployment, illiteracy, etc. Bring forth your idea
to cover the loopholes in the life of a common man and we'll give you a chance
to make this idea a reality.

Compete to solve the world’s toughest challenges. UpStart Socha aims to create
a platform to a rigorous evaluation and launch the most compelling social
business ideas – start-up enterprises that tackle grave issues faced by
billions of people.

Competition Structure

One Step Registration:

All participating startups have to register via one step process.The
participants need to fill the concerned details and top startups will
be shortlisted for the Final Round Mentoring sessions, to be held in
IIT Kanpur duringE-Summit'19.

Elevator Pitch:

The teams have to pitch their summary to an panel in under 200 seconds. It
is a prerequisite to the finale and will be held in campus on 24th August.
It has a 25% weightage in the total evaluation.

Final Pitch:

The participating teams have to make a ten minute presentation in front of our
panel of judges on the 31st August at IIT Kanpur. The presentation will comprise
of a 7 minute pitch followed by a 3-4 minute QnA round .

Intensive Mentoring Sessions:

Mentorship would begin in the first week of september and go on till December 31, 2018.

Judging Criteria

Originality of Idea.

Scalability, in terms of the potential for growth and
replication of the venture.

Well-conceived implementation plan and timetable.

Overall likelihood of achieving demonstrable results

Evidence of demand for the venture in the marketplace;
market size and growth opportunity.

Outline the development of systems to track, monitor and
assess the performance milestones articulated in venture
plan

Fundability: The potential for the venture to receive
financial support from additional
investors/donors(including opportunities for funding
from foundations, social venture funds, angel investors
and venture capitalists)

The rigor and feasibility of the venture's financial
model and goals

Potential for follow-on funding to grow the venture
through self-sufficiency or profitability.

Integration of Social Impact in business model: Impact scales as company grows.

Venture generates social value beyond current state or next best available
option .

Venture is supported by a well-articulated theory of change and impact value
chain.

Team has designed a clear and feasible plan for measuring and evaluating social
impact.

Identify risk factors associated with the enterprise and
external environment. Develop a plan for mitigating
them.

Improvement in the business plan from original proposal,
post the mentoring session, will be taken into
consideration.

Eligibility

As Upstart is a competition meant only for initial phase startups, we have put
the following criteria for entry into the Final Round:

Only businesses with a for-profit model are eligible.

Your business must have a social impact.

Your enterprise must have a prototype of its product or service and has
conducted a significant number of pilots in the field, or must be already
in operation. It must have conducted one pilot at least.

Enterprises which have been in operation for more than 3 years from the
date of the incorporation will not be considered..

Submissions may be entered as individuals or teams (max 3). Only the
individual or the team members who have registered may pitch to the panel
of judges and answer questions.

You must apply online and be present to pitch. You will be notified ahead
of time if you are selected to pitch.

Timeline

28 June 2019

Upstart Delhi Edition Launch

15 July 2019

Deadline for Online Registration

20 July 2019

Upstart'19 : Delhi

27 July 2019

UpStart'19 : Bangalore

29 July 2019 - 26 August 2019

Four Weeks Mentorship Commencement

30 August 2019

Elevator Pitch and Onspot Mentorship

31 August 2019

UpStart Finale 2019

Terms And Conditions

It is mandatory for participants to register online for E-Summit '19.

No offline submissions of the B-Plan for UpStart'19 will be accepted.

Entries submitted after the deadline shall not be considered.

Entries need to have an innovative value (an innovative idea provides a
solution for a new need, or advancement compared to existing products,
services or technologies).

The confidentiality of the entries/ ideas is guaranteed.

The registration form and entries of the teams shall not be returned and
their personal data will remain available only for statistical purposes.